MaxPen
MaxPen
Joined: Feb 4, 2015
  • Threads: 13
  • Posts: 3634
Thanks for this post from:
Minty
November 26th, 2019 at 5:18:42 PM permalink
Quote: darkoz

Younger generations are living with their folks longer.

That means less concern about bills as you remain under your parents roof.

As they go out into the world, they will come to realize the financial difficulties of making it on your own.

Without doing any type of scientific statistical analysis, my observation is that cash strapped people having trouble paying bills gamble more because they dream about gambling solving their problems.

So as the younger generations get older they will get roped into the misconceptions of gambling just the same



My observations in Vegas are different. The really successful casinos here cater to an affluent retired customer base with a large disposable income fueled by significant investment and pension money. The poor people living on social security over on Boulder Highway support some ghetto establishments struggling to survive.
The successful millennials are interested in things like FIRE (Financial Independence Retire Early). Not the right mentality for donking off money in the latter part of their lives playing a game they can't win.
Last edited by: MaxPen on Nov 26, 2019
darkoz
darkoz
Joined: Dec 22, 2009
  • Threads: 232
  • Posts: 6774
November 26th, 2019 at 6:30:41 PM permalink
Quote: MaxPen

My observations in Vegas are different. The really successful casinos here cater to an affluent retired customer base with a large disposable income fueled by significant investment and pension money. The poor people living on social security over on Boulder Highway support some ghetto establishments struggling to survive.
The successful millennials are interested in things like FIRE (Financial Independence Retire Early). Not the right mentality for donking off money in the latter part of their lives playing a game they can't win.



Yeah, I believe that.

Seems the East Coast casinos cater to the poor more as their bread and butter, feeding off their dreams.

Not sure whats better. rich retired people throwing their money down the toilet (when they could be doing better stuff with it) or poor people believing in a dream.

poor people dont have much to lose. In the end they will be right where they started.
For Whom the bus tolls; The bus tolls for thee
nighterfighter
nighterfighter
Joined: Aug 16, 2019
  • Threads: 1
  • Posts: 15
November 26th, 2019 at 7:32:00 PM permalink
I attended a talk at DefCon-27 this year that was about defeating facial recognition. I've also worked with several different machine learning/AI algorithms for both computer vision and facial recognition.

It is trivially easy to defeat current facial recognition. Defeating facial detection is a lot harder, but not impossible.

Defeating facial detection from a computer while trying to appear mostly normal infront of a human is almost impossible.

IR LED's is probably the answer for it, but that stands out extremely obviously.

I'm happy to talk more about what I can, if anyone is interested.
Rigondeaux
Rigondeaux
Joined: Aug 18, 2014
  • Threads: 30
  • Posts: 2537
Thanks for this post from:
MaxPen
November 27th, 2019 at 9:20:26 AM permalink
I saw a funny tweet a couple years ago. This chick quoted an article that had a disapproving tone about how Millenials were not supporting the casino industry and she said, "of all the crap we get blamed for, not being gambling addicts really takes the cake." Or something like that.

I doubt they'll ever gamble.

Boomers graduated college debt free and anyone with a pulse was handed a middle class job with good security. There were lots of good working class jobs for the rest. I suspect it was much easier to start your own business. Millennials graduate college and are indentured servants to banks and half of them would kill for a solid working class job, even though they have degrees. The housing market sucks. If you have any medical problems, you're ruined. etc. etc. They take it in the shorts left and right. Financial risk is not going to be a thrill for them and they don't have money to throw away.

Gambling is a source of stimulation. For the most part it's an extremely passive activity. Millenials are swimming in stimulation, much of which is interactive. Social media, porn, videogames. Watching symbols spin around on a wheel doesn't cut it. Nor will playing a 40 year old videogame for money vs. a house edge.

Gambling is generally for foolish people. Millennials and GenZ or whatever the kids are, have more information and savvy than prior generations. Just speculation, but I'd imagine that a lot fewer young people today believe in astrology or angels than did in the 60s or 70s. They are probably also less likely to believe in gambling superstitions and more likely to have a basic grasp of the fact that the house edge will almost certainly prevail if you gamble with any regularity.
TomG
TomG
Joined: Sep 26, 2010
  • Threads: 13
  • Posts: 2065
Thanks for this post from:
nighterfighter
November 27th, 2019 at 10:29:57 AM permalink
The generation that just died off lived through the depression. That made a lot of them never want to waste a penny. Yet there they were in their senior years on the casino floor with cigarettes and oxygen tanks. The Baby Boomers still have another 15 years to go. By that time the Echo Boomers will have been abandoned by their kids and be getting very close to cashing social security checks. Those are two key ingredients to getting old people to visit their locals casino. Even if it's just for eating or movies, some of them will put a $20 into a machine. And a few of them will become dependent / addicts.

The tourist / international level casinos in Las Vegas have had no problem reinventing themselves with changing demands. Las Vegas used to be famous for its 99-cent shrimp cocktail. Now it is the $700 bottle service. In 20-30 years it could be the sports (and concert) scene -- NFL, NHL, NBA, esports stadiums, virtually all on the same intersection. Could be THC. Could be that global warming makes the rest of the country not-so-nice, and the desert becomes great.

Maybe split this off from the facial recognition.
nighterfighter
nighterfighter
Joined: Aug 16, 2019
  • Threads: 1
  • Posts: 15
November 27th, 2019 at 10:32:20 AM permalink
Quote: TomG


Maybe split this off from the facial recognition.



Yes, this thread has quickly devolved from the original intent of the post.
TomG
TomG
Joined: Sep 26, 2010
  • Threads: 13
  • Posts: 2065
November 27th, 2019 at 10:38:52 AM permalink
Quote: Rigondeaux

Gambling is generally for foolish people. Millennials and GenZ or whatever the kids are, have more information and savvy than prior generations.



Not sure all that information is a good indicator of people staying away from slot machines and roulette wheels. A lot of that information they're consuming are theories on the illiuminati and a flat earth (and all that other stuff that violates the no-politics rules).
nighterfighter
nighterfighter
Joined: Aug 16, 2019
  • Threads: 1
  • Posts: 15
November 27th, 2019 at 11:33:47 AM permalink
Quote: TomG

Not sure all that information is a good indicator of people staying away from slot machines and roulette wheels. A lot of that information they're consuming are theories on the illiuminati and a flat earth (and all that other stuff that violates the no-politics rules).



That's only the dumb millennials! I'm a millennial also, but right on the edge between GenZ/millennial. I graduated college a few years ago, had a high 5 figure, now 6 figure, job ready before I graduated, and paid off all my student loans within a year and a half. Most of my peers are in similar situations. The ones that are struggling tended to go to college for degrees with little value.

Very few of my millennial friends gamble either, but do enjoy Las Vegas. And none of us are flat earthers/avocado toasters/etc. We are proud that our generation is killing Applebees though, what a terrible restaurant! ;)
Rigondeaux
Rigondeaux
Joined: Aug 18, 2014
  • Threads: 30
  • Posts: 2537
November 27th, 2019 at 12:07:25 PM permalink
It's hard to say on Tom's points. Certainly many people from any generation believe crazy stuff.

Flat earthers are a very small group. I hope. Could be wrong about all that. I just think millennials are less apt to crude superstition.

Good point about the depression. That generation did enjoy prosperity after that. Also... Getting more and more speculative. But, I think an economic downturn is one thing. Being deliberately screwed over is another. In a way, millennials have already been to the casino.

Maybe being old just turns you into a gambler somehow. It's weird because they have money, but little time. It seems like sitting at a slot machine would be the last thing they'd want to do. Especially cuz, it's not like they are going to really change their lives much even if they hit big.

Quote: nighterfighter

That's only the dumb millennials! I'm a millennial also, but right on the edge between GenZ/millennial. I graduated college a few years ago, had a high 5 figure, now 6 figure, job ready before I graduated, and paid off all my student loans within a year and a half. Most of my peers are in similar situations. The ones that are struggling tended to go to college for degrees with little value.

Very few of my millennial friends gamble either, but do enjoy Las Vegas. And none of us are flat earthers/avocado toasters/etc. We are proud that our generation is killing Applebees though, what a terrible restaurant! ;)



Good for you, but that's not the norm. It was for boomers.
nighterfighter
nighterfighter
Joined: Aug 16, 2019
  • Threads: 1
  • Posts: 15
Thanks for this post from:
Rigondeaux
November 27th, 2019 at 12:34:20 PM permalink
Quote: Rigondeaux



Flat earthers are a very small group. I hope.



They are. It's just that the small group tends to be loud and vocal and gets media attention.

Quote: Rigondeaux



Maybe being old just turns you into a gambler somehow. It's weird because they have money, but little time. It seems like sitting at a slot machine would be the last thing they'd want to do. Especially cuz, it's not like they are going to really change their lives much even if they hit big.



Interestingly enough, this is true. There have been some studies about this. Here is a quote from this article ( LINK REMOVED 1 )
"Gambling-industry marketers also know that advancing age, and the declining cognition that sometimes goes with it, can reduce a person's aversion to risk. "With age, there can be a decrease in the activity of decision-making parts of the brain related to executive functioning," Grant says. "If you have a deficit because of age, gambling may become riskier for you."

Older people with dementia are at especially high risk because they are unable to recognize limitations or use appropriate judgments. And dopamine agonists, a class of prescription drugs used to treat the symptoms of Parkinson's disease and restless legs syndrome, seem to be associated with compulsive gambling as a side effect, according to Marc Potenza, M.D., a professor of psychiatry at Yale University who studies problem gambling."

Another article of dubious quality: (LINK REMOVED 2)

But the general trend among these 2 articles, and others,seems to be deterioration of the frontal lobe, impacting decision making, and undiagnosed dementia.

Quote: Rigondeaux



Good for you, but that's not the norm. It was for boomers.



Thank you. While it's not true for many millennials, the ones that I personally have seen struggle are those who got liberal arts degrees. The ones who didn't go to college seem to actually be better off. I also want to be clear that I am not insulting those who got those degrees, just commenting on what I have seen of people in my age demographic and their current economic success.

Regarding the economic situation of millennials vs boomers, the Infographics Show on YouTube recently came out with an interesting video about the topic:
(LINK REMOVED: 3)




All my links can't be posted yet, because I am under 20 posts. But the first link is from on an article titled "Gambling and Why Older Americans Get Hooked", the second link is from titled "How the gambling industry preys on senior citizens" and the last Article is from YouTube, with a video called "YOU vs BOOMER" from the Infographics Show channel.

  • Jump to: